CHAPTER. 6. Source Documents. Source Documents. The accounting department is informed of transactions by means of business papers that are sent to it. These business papers are called SOURCE DOCUMENTS .
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The cost principle states that the accounting for purchases must be at the cost price to the purchaser.
A sales invoice is a business form showing the details of a transaction in which goods or services are sold on account.
The debit part of the journal entry depends on the nature of the transaction.